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Foreign telecom companies to control almost half of U.S. wireless market

4 Major carriers
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by 1 year ago
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The news that Japan-based Softbank is about to take Sprint under its wing is just another example of globalization at work. If the $20.1 billion deal between the two companies is approved by regulators and shareholders, it’ll add to the growing list of American wireless carriers that are mostly owned by foreign companies. Here’s a quick look at who’s behind the top mobile network operators in the U.S.

Softbank to borrow $23B to finance Sprint acquisition bid

Softbank Logo
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by 1 year ago
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Softbank has been eyeing the U.S. market for some time now, reports Reuters, and sources say the telecoms company is in talks with three banks in Japan to finance its acquisition bid. Sources close to the matter say Softbank plans to borrow 1.8 trillion yen (US$ 23 billion) in order to fund its acquisition.

Sprint 4G LTE expanding to 22 new markets in “coming months”

Sprint 4G LTE
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by 1 year ago
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Today Sprint reaffirmed its commitment to expanding its 4G LTE network by announcing a major push to 22 new markets. Alongside the announcement of the 22 new cities getting its high-speed services, it also reiterated its promise to add LTE to more than a hundred new cities in the near future.

Sprint to delay bidding for MetroPCS for strategic purposes

MetroPCS
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by 1 year ago
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After showing a great interest for MetroPCS , Sprint reportedly will hold off making any counterbid offer until more details of the T-Mobile agreement surface. Seeing that the proxy filing made by T-Mobile would be out in a month or two, Sprint may want to use such information to its advantage before approaching MetroPCS.